The North America laminated veneer lumber market size reached 2.2 Million Cubic Meters in 2023. Looking forward, IMARC Group expects the market to reach 2.6 Million Cubic Meters by 2032, exhibiting a growth rate (CAGR) of 1.8% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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2.2 Million Cubic Meters |
Market Forecast in 2032
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2.6 Million Cubic Meters |
Market Growth Rate 2024-2032 | 1.8% |
Laminated veneer lumber (LVL), also known as engineered lumber, stands for a layered composite of thin wooden panels fabricated together by adhesives. Cross-banded laminated veneer lumber and laminated strand lumber are the two distinctive types of LVL. Laminated veneer lumber is cost-effective, sustainable, strong, lightweight, uniform and has high structural reliability as compared to milled lumber. Owing to this, it is utilized for various structural purposes in wooden houses, industrial warehouses, public buildings and large prefabricated buildings.
North America represents one of the largest markets for laminated veneer lumber pertaining to the escalating demand from new residential housing projects in the region. Apart from this, increasing renovation activities together with the blooming furniture manufacturing sector have fueled the demand of LVL. Rising environmental concerns and government legislation towards the illegal trade of timber will continue to spur the market in the forthcoming years.
IMARC Group provides an analysis of the key trends in each segment of the North America laminated veneer lumber market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on application and sector.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Million Cubic Meters |
Segment Coverage | Application, Sector, Country |
Countries Covered | United States, Canada |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |